CADJPY recently reversed up from the support area lying between the support level 81.00 (low of the previous wave (ii)), lower daily Bollinger Band and the support trendline of the daily down channel from March.
The upward reversal from this support area created the daily Japanese candlesticks reversal pattern Hammer.
CADJPY is expected to rise further inside the active impulse wave (3) and retest the next resistance level 82.60 (top of the previous correction (iv)).
The US dollar has strengthened, reaching the upper boundary of its trading range. The British…
Cryptocurrencies continued to surge, pushing the total cap to $3 trillion. Bitcoin has gained nearly…
- USDJPY broke key resistance level 154.70 - Likely to rise to resistance level 157.20…
- USDJPY broke key resistance level 154.70 - Likely to rise to resistance level 157.20…
- WTI crude oil reversed from the multi-year support level 66.70 - Likely to rise…
Japanese inflation is rising, with corporate goods prices inflation accelerating to 3.4% y/y in October,…
This website uses cookies
